Startups funding in India declined by 40% in 2024 from January to March compared to the previous year, totaling $2 billion. Two new unicorns emerged in 2024. Investors are optimistic about the startup ecosystem s potential for rapid recovery and growth.
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Commerce and industry minister Piyush Goyal said on Monday that the government’s recently announced Seed Fund Scheme for new age firms will ensure adequate availability of funds, especially for startups with good ideas across various fields. The minister also said that often good ideas are bought out by international venture capitalists at throwaway prices. “I hope good ideas don’t get sold very cheap, particularly to foreign investors, who are able to identify a good idea.I hope this scheme supports our domestic entrepreneurs and their business ideas who often cannot take off due to the absence of critical funding at an early stage,” he added.
Read more about New BIS license: Govt announces 50% rebate for start-ups, others on Business Standard. The government on Tuesday slashed the annual marking fee to get a new BIS license and certification
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